Humankind Benefit Etf Market Value
| HKND Etf | USD 33.65 0.07 0.21% |
| Symbol | Humankind |
The market value of Humankind Benefit is measured differently than its book value, which is the value of Humankind that is recorded on the company's balance sheet. Investors also form their own opinion of Humankind Benefit's value that differs from its market value or its book value, called intrinsic value, which is Humankind Benefit's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Humankind Benefit's market value can be influenced by many factors that don't directly affect Humankind Benefit's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Humankind Benefit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Humankind Benefit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Humankind Benefit's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Humankind Benefit 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Humankind Benefit's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Humankind Benefit.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Humankind Benefit on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Humankind Benefit or generate 0.0% return on investment in Humankind Benefit over 720 days. Humankind Benefit is related to or competes with IShares MSCI, ABIVAX Société, HUMANA, SCOR PK, Pinnacle Sherman, Ab Pennsylvania, and Barloworld. The index is primarily comprised of domestic equity securities and may not be comprised of greater than 5 percent of for... More
Humankind Benefit Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Humankind Benefit's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Humankind Benefit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6851 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 0.9877 |
Humankind Benefit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humankind Benefit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humankind Benefit's standard deviation. In reality, there are many statistical measures that can use Humankind Benefit historical prices to predict the future Humankind Benefit's volatility.| Risk Adjusted Performance | 0.0593 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0561 |
Humankind Benefit Backtested Returns
At this point, Humankind Benefit is very steady. Humankind Benefit holds Efficiency (Sharpe) Ratio of 0.05, which attests that the entity had a 0.05% return per unit of risk over the last 3 months. We have found thirty technical indicators for Humankind Benefit, which you can use to evaluate the volatility of the entity. Please check out Humankind Benefit's Downside Deviation of 0.6851, market risk adjusted performance of 0.0661, and Risk Adjusted Performance of 0.0593 to validate if the risk estimate we provide is consistent with the expected return of 0.032%. The etf retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Humankind Benefit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Humankind Benefit is expected to be smaller as well.
Auto-correlation | 0.44 |
Average predictability
Humankind Benefit has average predictability. Overlapping area represents the amount of predictability between Humankind Benefit time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Humankind Benefit price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Humankind Benefit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
Humankind Benefit lagged returns against current returns
Autocorrelation, which is Humankind Benefit etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Humankind Benefit's etf expected returns. We can calculate the autocorrelation of Humankind Benefit returns to help us make a trade decision. For example, suppose you find that Humankind Benefit has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Humankind Benefit regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Humankind Benefit etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humankind Benefit etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humankind Benefit etf over time.
Current vs Lagged Prices |
| Timeline |
Humankind Benefit Lagged Returns
When evaluating Humankind Benefit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humankind Benefit etf have on its future price. Humankind Benefit autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Humankind Benefit autocorrelation shows the relationship between Humankind Benefit etf current value and its past values and can show if there is a momentum factor associated with investing in Humankind Benefit.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Humankind Benefit is a strong investment it is important to analyze Humankind Benefit's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Humankind Benefit's future performance. For an informed investment choice regarding Humankind Etf, refer to the following important reports:Check out Humankind Benefit Correlation, Humankind Benefit Volatility and Humankind Benefit Alpha and Beta module to complement your research on Humankind Benefit. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Humankind Benefit technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.